Thrivent Financial for Lutherans Sells 596 Shares of Veritex Holdings, Inc. (NASDAQ:VBTX)

Thrivent Financial for Lutherans reduced its holdings in Veritex Holdings, Inc. (NASDAQ:VBTX) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 42,113 shares of the financial services provider’s stock after selling 596 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Veritex were worth $1,144,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VBTX. Charles Schwab Investment Management Inc. grew its holdings in Veritex by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 732,865 shares of the financial services provider’s stock valued at $19,289,000 after buying an additional 12,286 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Veritex by 37.4% in the third quarter. BNP Paribas Financial Markets now owns 56,559 shares of the financial services provider’s stock valued at $1,489,000 after acquiring an additional 15,403 shares during the period. Verition Fund Management LLC grew its stake in shares of Veritex by 748.1% in the third quarter. Verition Fund Management LLC now owns 125,249 shares of the financial services provider’s stock worth $3,297,000 after acquiring an additional 110,480 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Veritex by 295.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,438 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 5,559 shares during the last quarter. Finally, Basswood Capital Management L.L.C. bought a new position in Veritex during the third quarter worth $11,139,000. 88.31% of the stock is currently owned by institutional investors.

Veritex Stock Performance

NASDAQ VBTX opened at $24.97 on Tuesday. The stock has a market cap of $1.36 billion, a P/E ratio of 12.81 and a beta of 1.36. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. Veritex Holdings, Inc. has a twelve month low of $18.74 and a twelve month high of $31.62. The company’s 50-day simple moving average is $25.75 and its 200 day simple moving average is $26.93.

Veritex (NASDAQ:VBTX) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Veritex had a return on equity of 7.59% and a net margin of 13.44%. As a group, research analysts forecast that Veritex Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Veritex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.20%. Veritex’s payout ratio is presently 41.03%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VBTX shares. Raymond James reduced their price target on shares of Veritex from $32.00 to $31.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. Hovde Group raised Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 target price on the stock in a research report on Thursday, January 30th. DA Davidson reaffirmed a “buy” rating and issued a $34.00 price target on shares of Veritex in a report on Monday, March 17th. Finally, Stephens reduced their price objective on Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.50.

About Veritex

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.